Inflation Rate in Faroe Islands remained unchanged at 3.10 percent in the third quarter of 2021 from 3.10 percent in the second quarter of 2021. source: Statistics Faroe Islands

Inflation Rate in Faroe Islands averaged 1.10 percent from 2002 until 2021, reaching an all time high of 7.90 percent in the third quarter of 2008 and a record low of -3.10 percent in the third quarter of 2009. This page provides - Faroe Islands Inflation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Faroe Islands Inflation Rate - values, historical data and charts - was last updated on December of 2021.

Inflation Rate in Faroe Islands is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Faroe Islands Inflation Rate is projected to trend around 1.80 percent in 2022, according to our econometric models.

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Faroe Islands Inflation Rate

Related Last Previous Unit Reference
Inflation Rate Mom 0.24 1.10 percent Sep/21
Inflation Rate 3.10 3.10 percent Sep/21
Food Inflation -0.15 0.50 percent Sep/21
Consumer Price Index CPI 124.90 124.60 points Sep/21
Faroe Islands Inflation Rate
In Faroe Islands, the most important categories in the consumer price index are food and non-alcoholic beverages (20 percent of total weight), housing and utilities (18 percent), transport (14 percent), and recreation and culture (11 percent). Miscellaneous goods and services account for 8 percent; furnishing and household equipment for 8 percent; and clothing and footwear for 6 percent. The index also includes: communication (5 percent); alcoholic beverages and tobacco (5 percent); restaurants and hotels (3 percent); and health (2 percent).